1

MEDIA RELEASE

19 December 2019

OCEANAGOLD ANNOUNCES DEPARTURE OF DIRECTOR

(MELBOURNE) OceanaGold Corporation (TSX: OGC) (ASX: OGC) (the “Company”) announces that

effective close of business today, Dr Nora L. Scheinkestel has resigned from the Company’s Board of

Directors (the “Board”).

Ian Reid, Chairman of the Board at OceanaGold said, “On behalf of our Board, I would like to thank Nora for

her invaluable service and contributions to the Company over the past two years, and wish her all the best

going forward.”

- ENDS -

For further information please contact:

Investor Relations Media Relations

Sam Pazuki

Tel: +1 720 602 4880

IR@oceanagold.com

Melissa Bowerman

Tel: +61 459 900 099

info@oceanagold.com

www.oceanagold.com | Twitter: @OceanaGold

About OceanaGold

OceanaGold Corporation is a mid-tier, high-margin, multinational gold producer with assets located in the

Philippines, New Zealand and the United States. The Company’s assets encompass the Didipio Gold-Copper

Mine located on the island of Luzon in the Philippines. On the North Island of New Zealand, the Company

operates the high-grade Waihi Gold Mine while on the South Island of New Zealand, the Company operates

the largest gold mine in the country at the Macraes Goldfield which is made up of a series of open pit mines

and the Frasers underground mine. In the United States, the Company operates the Haile Gold Mine, a top-

tier, long-life, high-margin asset located in South Carolina. OceanaGold also has a significant pipeline of

organic growth and exploration opportunities in the Americas and Asia-Pacific regions.

OceanaGold has operated sustainably since 1990 with a proven track-record for environmental management

and community and social engagement. The Company has a strong social license to operate and works

2

collaboratively with its valued stakeholders to identify and invest in social programs that are designed to build

capacity and not dependency.

In 2019, the Company expects to produce between 460,000 to 480,000 ounces of gold and 10,000 to 11,000

tonnes of copper at All-In Sustaining Costs ranging between $1,040 and $1,090 per ounce sold.

Cautionary Statement for Public Release

Certain information contained in this public release may be deemed “forward-looking” within the meaning of

applicable securities laws. Forward-looking statements and information relate to future performance and

reflect the Company’s expectations regarding the generation of free cash flow, execution of business

strategy, future growth, future production, estimated costs, results of operations, business prospects and

opportunities of OceanaGold Corporation and its related subsidiaries. Any statements that express or involve

discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or

future events or performance (often, but not always, using words or phrases such as "expects" or "does not

expect", "is expected", "anticipates" or "does not anticipate", "plans", "estimates" or "intends", or stating that

certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved) are

not statements of historical fact and may be forward-looking statements. Forward-looking statements are

subject to a variety of risks and uncertainties which could cause actual events or results to differ materially

from those expressed in the forward-looking statements and information. They include, among others, the

accuracy of mineral reserve and resource estimates and related assumptions, inherent operating risks,

sovereign risks, risk of suspension and those risk factors identified in the Company’s most recent Annual

Information Form prepared and filed with securities regulators which is available on SEDAR at

www.sedar.com under the Company’s name. There are no assurances the Company can fulfil forward-

looking statements and information. Such forward-looking statements and information are only predictions

based on current information available to management as of the date that such predictions are made; actual

events or results may differ materially because of risks facing the Company, some of which are beyond the

Company's control. Although the Company believes that any forward-looking statements and information

contained in this press release is based on reasonable assumptions, readers cannot be assured that actual

outcomes or results will be consistent with such statements. Accordingly, readers should not place undue

reliance on forward-looking statements and information. The Company expressly disclaims any intention or

obligation to update or revise any forward-looking statements and information, whether because of new

information, events or otherwise, except as required by applicable securities laws. The information contained

in this release is not investment or financial product advice.

NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES AND NOT FOR DISTRIBUTION

TO US NEWSWIRE SERVICES.